Hoshine Silicon's major shareholder adjusts pledged holdings

Hoshine Silicon Industry's controlling shareholder, Hoshine Group, and its concerted party, Luo Cu, have conducted a series of share pledges and releases. Following these transactions, Hoshine Group's cumulative pledged shares now total 242,329,100, representing 49.80% of its holdings and 20.50% of the company's total share capital. Luo Cu's cumulative pledged shares amount to 88,920,600, or 46.19% of her holdings and 7.52% of the company's total share capital.

The latest pledges include 4,000,000 shares by Luo Cu for production operations and 3,000,000 shares for supplementary working capital, with maturity dates in September 2025. Additionally, releases of pledged shares totaled 23,000,000 shares by Hoshine Group and 9,600,000 shares by Luo Cu.

Collectively, Hoshine Group, Luo Ligguo, Luo Cu, and Luo Yetong hold 869,105,229 shares, or 73.52% of Hoshine Silicon's total equity. After these adjustments, their combined pledged shares stand at 423,193,200, which is 48.69% of their total holdings and 35.80% of the company's total share capital. The company asserts that the financing risks remain controllable.